Cloudastructure Inc. (NASDAQ:CSAI) Stock Short Interest Report for October

Cloudastructure Inc. (NASDAQ:CSAI) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 38,812 shares, a decline of 52.6% from the September 30th total of 81,848 shares. Based on an average daily trading volume, of 31,214 shares, the short-interest ratio is presently 1.2 days. Currently, 5.7% of the shares of the company are sold short.

Cloudastructure Stock Performance

Shares of NASDAQ CSAI traded down $0.14 during midday trading on Friday, hitting $2.15. 8,432 shares of the company’s stock were exchanged, compared to its average volume of 37,575. The firm has a market capitalization of $1.87 million, a PE ratio of -0.15 and a beta of 1.29. The company’s 50 day moving average price is $3.43 and its 200 day moving average price is $12.44. The company has a quick ratio of 4.71, a current ratio of 4.96 and a debt-to-equity ratio of 0.37. Cloudastructure has a 12 month low of $2.03 and a 12 month high of $69.15.

Cloudastructure (NASDAQ:CSAI) last released its earnings results on Tuesday, August 18th. The company reported ($2.32) EPS for the quarter, beating the consensus estimate of ($2.70) by $0.38. The firm had revenue of $1.23 million for the quarter. Cloudastructure had a negative net margin of 145.25% and a negative return on equity of 167.05%. As a group, analysts predict that Cloudastructure will post -9.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on CSAI shares. Wall Street Zen cut Cloudastructure to a “strong sell” rating in a report on Saturday, August 15th. Maxim Group dropped their price target on shares of Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.00.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) provides cloud-based physical security and video surveillance solutions. Its platform is designed to help organizations manage security cameras and related systems remotely, while using artificial intelligence and computer-vision tools to analyze video and identify potentially significant events.

The company’s offerings include cloud video management, video surveillance, security monitoring, and analytics capabilities. These tools are intended to support applications such as facility protection, incident detection, access oversight, and the review of recorded video without requiring organizations to maintain extensive on-site video storage and processing infrastructure.

Cloudastructure serves commercial and other institutional users seeking centralized, scalable security technology.